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20121201
20121231
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is going to go into recess and go to hawaii, i think it's a bad message for the economy. we should have dealt with this months ago. the house passed. we did the responsible thing, we passed a bill in august to keep all the tax rates even. the country has to remember that the house has acted it's only the united states senate and the president that have not come together. bill: we'll see if we see you both on the 26th of december, some time that week. thank you for your time. martha: what are the consequences this lawmakers do not reach a deal in time? are we on our way as some warn to becoming greece? doug mcelway is live ph washington. there are nice things about greece that you won't mind emulating, but your budget, their economy not one of them. >> the parthanon a nice thing to see when you go to athens. when ron paul was running he got huge applause when he said a government that continues to deval its currency destroys the middle class. >> they don't have the money, they run out of borrowing power, guess what they do. they start printing money. >> reporter: the federal reserve has
officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding talks. there are serious questions whether a compromise could be reached. lawmakerses warn no deal could plunge our economy into recession. here is senator joe lieberman. >> it's the first time i feel it is more likely we will go over the cliff than not and, if we allow that to happen it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history because of the impact it will have on almost every american. gregg: marjorie clifton, former consultant to the obama campaign and principal of clifton consulting and tony sayegh, worked former vice-presidential nominee jack kemp and take radio news service. merry christmas. marjorie, let me start with you. past presidents who were very successful forcing a compromise on b
Search Results 0 to 1 of about 2